One of the biggest being 10k not being enough of a cushion for down payment + closing costs/fees in a case of emergencies.

Where else can you find a City emerging into greatness where you can still buy SFH for $30k, renovate for $35K and easily collect $1,200-$1,300 a month in rent?

We DO have cash on hand, but mostly consider it to be an emergency fund.

A property manager can also handle emergencies and ensure that your properties are in compliance with all local laws and regulations.2.

New to the whole forum thing and just emerged from the YT rabbit hole that is REI.

You can change your mind and switch back and forth at any point6) Supplement your emergency / down payment fund - By combining the diversity and income options you can create an emergency or down payment fund.  

@Lena S.For a gas emergency?

But make sure you find it all - you don't want to seal the place back up and have that smell re-emerge come summer/more humid months.1) tear it out down to the subfloor and/or the drywall down to the studs (snap a line at a 4' mark to waste less drywall)2) nightly ozone machine usage - READ THE INSTRUCTIONS - these things will kill any/all living things inside the house - plants, animals, you.

Is there such a thing called an emergency eviction?

keep at least $5K set aside for these emergencies.